For
West Michigan lakefront sales 2007 vs 2008 from January 1st to July 22.
In 2007 there were 38 homes sold compared to 33 in 2008. For these homes, the average sale price was $1,514,174 in 2007 and $1,328,030 in 2008, representing a 13% drop in average sale price. Average days on the market for the
Lakeshore homes was 250 in 2007 and 276 in 2008. In 2007 the average sale price to list price percentage 91.93% while in 2008 that number was 92.25%.
The high, low, and median prices were $3,325,000, $288,000, and $1,392,500 in 2007 and $3,150,000, $ 421,000, $1,200,000 in 2008. Average price per square foot in 2007 was $675.29 and $634.74 in 2008.